Rebecca Chapa
Avoid Sherman Bridge Lending
This company is a bait and switch lender advertising one thing and then once you're in you are held hostage, ignored and financially penalized. DO NOT CHASE THE DANGLING CARROT. I am a LICENSED TEXAS REAL ESTATE BROKE...
Ryan O.
SCorp Unequal Capital Contributions
I have an LLC with a partner that is currently being taxed as a partnership. We are considering electing sub-chapter S status for 2013 to help save SE tax, we are in the business of flipping.
Currently we have an ...
Carlos Webel
Refinancing out of hard money with a conventional mortgage loan
Hi all,I'm working on my acquisition and financing model for my new Houston area based rental properties portfolio. The plan is to purchase the properties with private or hard money, rehab and refinance out of the ini...
Francis Rusnak
Proper Screening for Tenants in Cook County
In episode 85 of Straight Up Chicago Investor podcasts, @Mark Ainley talks about how in the last few years you are required to not pull credit/background check until the initial screening is approved. He said he'd put...
Onyedika On
Property Manager Woes
I have a property manager managing a couple of my properties. There is a need to evict a tenant who has been oweing various amounts of money since they moved in in Dec 2017. Property manager has finally gotten a judge...
Klyde Waggsdale
Buy and hold Strategy - Does mine make sense?
I am looking into purchasing a foreclosure to use as a rental unit, but cannot get an investment loan from a bank.
I have a hard money lender that is willing to lend me the money to purchase and rehab the house.
H...
Mary B.
SAY GOOD-BYE TO HUD-1
Greetings BP,I'm not giving any advice here, legal or otherwise, just sharing a reminder / FYI as October 3rd rapidly approaches, which is when the new TILA-RESPA amendments goes into effect. I've included a few links...
Penny D.
Self Directed IRA issues/questions
I'm trying to put together my first deal using our Self Directed IRA.
Our problem is we have no money for investing except what is in our SD IRA. I'm trying to find a way to use the SD IRA and be involved in a deal ...
Amie Liu
property mgmt review - seeking advice - rei nation
Hi all - long time lurker here. We purchased a property back in '22 and it was a great experience with REI nation. It was truly a white glove service from selection of the home, to finding a lender, to finding apprais...
Lee Carrell
How much to charge for rent late fee?
I just got nailed by the Judge for, as he called it, "egregious late fees"! I only charge one amount for late fees, $50. I use it as a deterrent to lead the tenant to paying on time. The rent is $600 and the late fee ...